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Code · Illinois · Chapter 110 — HIGHER EDUCATION · Act 991

Sec. 25. Operation of the Student Investment Account.

115 words·~1 min read·/il/chapter-110/act-991/25

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Sec. 25. Operation of the Student Investment Account. The State Treasurer may: originate, guarantee, acquire, and service education loans or refinance loans; facilitate such arrangements between borrowers and eligible lenders; and perform such other acts as may be necessary or desirable in connection with the education loans or refinance loans. The State Treasurer may receive, hold, and invest moneys paid into the Student Investment Account and take such other actions as are necessary to operate the Student Investment Account.
The State Treasurer may invest in, and enter into contracts with, institutions that provide education loans or refinance loans. The State Treasurer may also deposit funds with financial institutions that provide education loans or refinance loans.
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